FXStreet (Delhi) – Research Team at BBH, note that US Treasury’s report on foreign exchange and international economics was released yesterday and it has appeared to have stepped up its criticism of Taiwan. Key Quotes “Of course, much attention is being paid to its estimates of China's capital outflows: $250 bln in H1 and another $270-280 bln in July and August.” “US Treasury confirmed what many have suspected. Taiwan frequently intervenes in the last hour of trading. It claimed Taiwan has done this 75% of the time in the first 7 months of the year. It has intervened by $1.3 bln, US Treasury estimates. Taiwan appears to have intervened by $900 bln all of last year. The currency has weakened by 0.46% on average in the last hour compared with 0.2% last year. The US wants Taiwan to limit its interventions to disorderly markets, and be more transparent in its reserves and interventions. This is interesting color for clients who transact in Taiwanese dollars.” For more information, read our latest forex news.